. >> reporter: if the measure becomes law, it will be the first significant bipartisan tax increase since 1990. the deal also would extend unemployment benefits and it would also prevent a spike in milk prices. live on capitol hill, danielle nottingham. frank, back to you. >> danielle, what if the house approves this today? what's the process and when will we, if we do feel an effect, the public that is, anyway? >> reporter: well, if the house does approve this, the public wouldn't feel the effect of the tax increases but what this deal does not address in the long term are the those automatic spending cuts. they have only been delayed for a couple of months. also what we have coming up is the debt limit showdown also. so this is really a temporary deal and in just a couple of months we could see another "fiscal cliff" and that's the concern with a lot of the lawmakers here on capitol hill today, frank. >> still some work to do. okay, danielle knottingham in washington, thank you. >>> a high-speed chase killed two and another is clinging to life in the hospital. cbs 5 reporter cate caugir